At first glance, Cardano may appear to be struggling and lacking strength in the current market environment. However, a deeper analysis of on-chain data reveals compelling evidence that suggests a different narrative altogether. This data indicates underlying factors and trends that may point to potential resilience and growth for the platform, challenging the superficial perception of its weakness. By examining the intricacies of the on-chain metrics, we can uncover a more optimistic outlook for Cardano that contrasts sharply with its initial appearance.
source: https://blocknews.com/cardano-looks-weak-on-the-surface-here-is-why-on-chain-data-tells-another-story/